Mineworx Advances to Pilot Phase Of Its Diesel Catalytic Converter Recycling Plant
November 09 2020 - 4:00AM
Mineworx Technologies Ltd., (the
“
Company” or “
Mineworx“) (TSXV:
MWX, OTCQB: MWXRF, FSE: YRS WKN: A2DSW3) today announces the
engineering and design phase of its pilot plant is near completion,
and the procurement of equipment and related components has begun.
This is the next step in refining the process to maximize the
recovery of platinum group metals (PGM) from diesel catalytic
converters.
The assembly of the plant along with initial
testing will be at the Mineworx facility in the Vancouver, British
Columbia area. Upon completion of this initial testing phase the
plant will be moved to Tennessee for further testing in a
commercial production environment with its partner Davis Recycling
Ltd.
The primary focus will be on “material flow”
testing and efficiencies with the final aspects of commercial
production readiness to be finalized in Tennessee. The timeline for
the projected move to full commercialization in 2021 will be
communicated to the marketplace through regular updates and
progress reports as specific milestones are achieved.
Management anticipates material flow testing to
continue until the later stages Q1 2021. The objective is to
finalize the combination of chemistry and process to ensure
attractive economic recoveries of platinum and palladium from
diesel catalytic converters while doing so in an environmentally
friendly process.
Additionally, Mineworx has advised Enviroleach
Technologies (ETI) that it will not be proceeding to a final
agreement encompassing the use of certain ETI technologies for the
recovery of platinum group metals (“PGM”) from catalytic
converters. In a February 26, 2020 news release, the respective
companies announced the signing of a Letter of Intent (LOI), which
was subject to a number of conditions including the negotiation and
execution of a definitive agreement and license
agreement.
About Mineworx
Mineworx is positioned for growth with its
partnerships in the E-Waste, Catalytic Converter and mining
sectors. The objective is to utilize licensed and proprietary
technologies to extract precious metals in an environmentally
responsible, sustainable and profitable manner from niche market
opportunities.
For further information, go to
www.mineworx.net
For further information
contact:MINEWORX TECHNOLOGIES LTD.Greg PenduraPresident
& CEO780-800-0726greg@mineworx.net
Dave Burwell,Vice President, The Howard
Group403-410-7907dave@howardgroupinc.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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